South African FinTech, Omnisient, has recently secured a substantial $7.5m investment from Arise.
Omnisient, founded in December 2019, specializes in privacy-preserving data collaboration. Its platform enables various sectors, including retail, financial services, and healthcare, to safely collaborate on consumer intelligence without compromising consumer privacy. By providing a controlled and secure environment, the technology allows for the analysis of data while ensuring consumer privacy is maintained.
The newly acquired funds are earmarked for scaling Omnisient’s operations to new markets such as the UK, USA, and the Middle East.
Omnisient’s co-founder, Jon Jacobson, emphasized the transformative potential of the investment. “Our mission is to create the world’s largest repository of alternative consumer data to grow financial inclusion.
“The investment from Arise will enable us to expand and partner with larger data providers. This will allow banks and insurers to extend financial services to millions more people globally, driving financial inclusion on an unprecedented scale.”
Arise’s CEO, Gavin Tipper, also highlighted the strategic alignment of this investment with their vision. “This investment aligns with our vision of using cutting edge fintechs to drive growth in Africa’s financial services sector.
“Omnisient’s technology will assist banks and data providers in identifying new customers, unlocking new revenue streams and will foster financial inclusion.”
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